Oireachtas Joint and Select Committees

Wednesday, 1 December 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Withdrawal from Irish Banking Market: Engagement with KBC

Photo of Marie SherlockMarie Sherlock (Labour) | Oireachtas source

I thank KBC for attending our hearing. Given that KBC is about to exit the market, my questions will primarily focus on its engagement with its workforce, its relationship with its workforce and the package it has put in place. I heard Mr. Blažek talk about the direct engagement model it has with its workers earlier. I am sure it works well but Mr. Blažek would say that. The reality is we have a trade union that represents a large share of KBC’s workforce in this country.

Mr. Blažek stated he has been in banking for 22 years. Is it not somewhat strange and reputationally difficult for KBC that it has no problem recognising trade unions for the purpose of collective bargaining in Belgium, yet has consistently refused to recognise trade unions representing the bank’s staff in this country?

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